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Gold poised for major gains as debt pressures limit Fed's inflation fight, says fund manager.

Market News
27 Aug 2026
Kitco
View Source
Bullish
pluang ai news

Larry Lepard, a fund manager, believes gold's recent correction signals a maturing market but not a peak, comparing the bull run to being in its sixth or seventh inning. He argues that high government debt limits the Federal Reserve's ability to fight inflation with traditional monetary tightening, likely leading to currency debasement and higher gold prices. Lepard forecasts gold could reach $5,000 to $7,000, potentially $10,000 or more in extreme scenarios, as investors seek protection against persistent inflation and fiscal constraints. This outlook is supported by growing investor awareness of inflation risks and limited policy flexibility compared to past inflation cycles.

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